Private fund managers in China who raise money from retail investors could face sanctions under provisional regulations released by the country’s state council, according to a circular from the government.

Saudi Arabia has taken a big step towards being classified as an emerging market after the MSCI added the Gulf state to its watchlist for potential upgrade on Tuesday, with the Saudi royal family making an unprecedented succession change a day later.

Mark Mobius, AKA Mr Emerging Markets, announced earlier this year that he will be stepping back from the day-to-day management of several high-profile funds at Franklin Templeton Emerging Markets Group but says he plans to keep working to the end.

Domestic reforms and global growth are opening India back up as an investor hotspot and Neptune India Fund manager Kunal Desai believes this is India’s new dawn and the recovery of its corporate earnings is just the beginning.

US president Trump’s trade and immigration policies are targeted at only three countries in the emerging market space which leaves more than enough investment opportunities for his portfolios, says Bryan Carter, head of emerging markets fixed income at BNP Paribas Investment Partners.

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